410 Mirabile Ln · Dundalk, MD 21224

$69,900

2 bd · 2.0 ba · 924 sqft · SingleFamily · 261 Days on market

Built 2018 Good condition $76/sqft · 68% below area ↓ 7% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• Rent growth +2.8/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention buyers $5000 off purch price or 2 months free rent if under contract before June 30, 2026 !!!!! THIS MOBILE HOME FOR SALE NOT RENT, ONLY THE LOT IS LEASED!!!! Move-in ready 2018 Champion single-wide mobile home featuring 2 bedrooms and 2 full baths. The bright and open floor plan offers comfortable living with carpeted spaces and a well-appointed kitchen that includes a water filtration system, microwave, dishwasher, washer, and dryer—all conveying. Designed for convenience and functionality, this home provides everything you need in a modern, low-maintenance space. Public water and sewer are paid by the resident. Community Information Lot rent is $800 per month and adjusts per park rules. All residents must be park-approved, and community rules are uploaded in the documents section. Please use the contract provided in the document section when submitting offers.

Key facts

• Built 2018
• Listed 261 days

🏷️ Possibly a rental listed for sale. The $69,900 price doesn't fit this home's estimated sale value (~$217,618) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $70k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $993 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.3% vs local median 6.2% in Dundalk — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#16 in MD, #510 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.3%/yr); 391 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 1.3% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 261 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 261 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.67% ✓
• Cap rate: 23.34%
• Cash-on-cash: 60.88%
• DSCR: 3.71
• GRM: 3.1

CMA / ARV

• ARV (median comp): $217,618
• List price: $69,900
• Delta: -67.88%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.31% rent growth · sell at horizon

5-year hold

• IRR: 57.8%
• Equity multiple: 3.49×
• Total profit: $48,817
• Equity at exit: $10,422

10-year hold

• IRR: 62.0%
• Equity multiple: 6.71×
• Total profit: $111,663
• Equity at exit: $6,044

Cash invested: $19,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,868 high
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $993

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 42%

Sensitivity live

Price	-10% $1,041	-5% $1,017	+0% $993	+5% $969	+10% $945
Rent	-10% $845	-5% $919	+0% $993	+5% $1,067	+10% $1,141
Rate	-1.0pp $1,028	-0.5pp $1,011	base $993	+0.5pp $975	+1.0pp $956

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8036 Lansdale Rd Unit 1 Baltimore, MD	3.0	1.0	1024	$1,775	$1.73	5d	1	0.52mi
7948 Eastdale Rd Baltimore, MD	3.0	1.0	1024	$1,700	$1.66	44d	1	0.62mi
7951 E Baltimore St Baltimore, MD	3.0	1.0	1024	$1,750	$1.71	2d	1	0.62mi
7915 Eastdale Rd Baltimore, MD	2.0	1.0	896	$1,500	$1.67	44d	1	0.67mi
7911 Bank St Baltimore, MD	3.0	1.0	1080	$1,749	$1.62	44d	1	0.68mi
309 52nd St Unit A Baltimore, MD	2.0	1.0	722	$1,350	$1.87	24d	1	0.80mi
932 Elton Ave Baltimore, MD	3.0	2.0	1024	$1,950	$1.90	18d	1	0.88mi
7517 Belmont Ave Baltimore, MD	2.0	1.0	720	$1,800	$2.50	18d	1	0.91mi
944 Dalton Ave Baltimore, MD	3.0	2.0	1024	$2,100	$2.05	11d	1	0.92mi
7319 Conley St Baltimore, MD	3.0	2.0	1080	$1,950	$1.81	18d	1	1.17mi
7520 Durwood Rd Dundalk, MD	3.0	1.0	1110	$2,100	$1.89	44d	1	1.20mi
165 Hampshire Rd Essex, MD	3.0	2.0	969	$1,895	$1.96	44d	1	1.20mi
7261 Bridgewood Dr Baltimore, MD	3.0	2.0	896	$2,495	$2.78	24d	1	1.20mi
28 Warren Rd Apt B Essex, MD	1.0	1.0	570	$875	$1.54	44d	1	1.32mi
849 Loalan Ave Dundalk, MD	3.0	1.5	1024	$1,850	$1.81	15d	1	1.33mi
7 Robinson Ave Dundalk, MD	3.0	2.0	1100	$2,600	$2.36	44d	1	1.40mi
7124 Gough St Baltimore, MD	2.0	1.5	1096	$1,700	$1.55	22d	1	1.45mi

Listing history 16 events

1. 2026-06-18
   days on market $69,900 Active 261 DOM
2. 2026-06-17
   days on market $69,900 Active 260 DOM
3. 2026-06-16
   days on market $69,900 Active 259 DOM
4. 2026-06-15
   days on market $69,900 Active 258 DOM
5. 2026-06-13
   days on market $69,900 Active 256 DOM
6. 2026-06-09
   days on market $69,900 Active 252 DOM
7. 2026-06-08
   days on market $69,900 Active 251 DOM
8. 2026-06-07
   days on market $69,900 Active 250 DOM
9. 2026-06-04
   days on market $69,900 Active 247 DOM
10. 2026-06-03
    days on market $69,900 Active 246 DOM
11. 2026-06-02
    days on market $69,900 Active 245 DOM
12. 2026-06-01
    days on market $69,900 Active 244 DOM
13. 2026-05-31
    days on market $69,900 Active 243 DOM
14. 2026-04-09
    price $69,900 892-char remark

    Show marketing remark (892 chars)

    Attention buyers $5000 off purch price or 2 months free rent if under contract before June 30, 2026 !!!!! THIS MOBILE HOME FOR SALE NOT RENT, ONLY THE LOT IS LEASED!!!! Move-in ready 2018 Champion single-wide mobile home featuring 2 bedrooms and 2 full baths. The bright and open floor plan offers comfortable living with carpeted spaces and a well-appointed kitchen that includes a water filtration system, microwave, dishwasher, washer, and dryer—all conveying. Designed for convenience and functionality, this home provides everything you need in a modern, low-maintenance space. Public water and sewer are paid by the resident. Community Information Lot rent is $800 per month and adjusts per park rules. All residents must be park-approved, and community rules are uploaded in the documents section. Please use the contract provided in the document section when submitting offers.

15. 2025-09-30
    listed $74,900 Active 892-char remark

    Show marketing remark (892 chars)

    Attention buyers $5000 off purch price or 2 months free rent if under contract before June 30, 2026 !!!!! THIS MOBILE HOME FOR SALE NOT RENT, ONLY THE LOT IS LEASED!!!! Move-in ready 2018 Champion single-wide mobile home featuring 2 bedrooms and 2 full baths. The bright and open floor plan offers comfortable living with carpeted spaces and a well-appointed kitchen that includes a water filtration system, microwave, dishwasher, washer, and dryer—all conveying. Designed for convenience and functionality, this home provides everything you need in a modern, low-maintenance space. Public water and sewer are paid by the resident. Community Information Lot rent is $800 per month and adjusts per park rules. All residents must be park-approved, and community rules are uploaded in the documents section. Please use the contract provided in the document section when submitting offers.

16. 2025-09-24
    historical $74,900 892-char remark

    Show marketing remark (892 chars)

    Attention buyers $5000 off purch price or 2 months free rent if under contract before June 30, 2026 !!!!! THIS MOBILE HOME FOR SALE NOT RENT, ONLY THE LOT IS LEASED!!!! Move-in ready 2018 Champion single-wide mobile home featuring 2 bedrooms and 2 full baths. The bright and open floor plan offers comfortable living with carpeted spaces and a well-appointed kitchen that includes a water filtration system, microwave, dishwasher, washer, and dryer—all conveying. Designed for convenience and functionality, this home provides everything you need in a modern, low-maintenance space. Public water and sewer are paid by the resident. Community Information Lot rent is $800 per month and adjusts per park rules. All residents must be park-approved, and community rules are uploaded in the documents section. Please use the contract provided in the document section when submitting offers.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,420
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$1,794
• − Management: −$1,794
• − Depreciation: −$2,033
• Taxable income: $11,486
• Est. tax owed @ 24.0%: −$2,757
• After-tax cash flow: $9,159/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in ready 2018 Champion single-wide mobile home is in good condition with modern appliances and a well-maintained exterior. It offers a good return on investment with minor updates to enhance its curb appeal and comfort.

Value-add opportunities

• Both Paint the exterior — Enhances curb appeal and value
• Both Replace carpet in living areas — Improves comfort and appearance
• Rental Clean and maintain HVAC system — Ensures comfort and reduces maintenance costs

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Enhances curb appeal and value ↑
• Both Replace carpet in living areas — Improves comfort and appearance ↑
• Rental Clean and maintain HVAC system — Ensures comfort and reduces maintenance costs ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Dundalk

• Score: 85/100
• State rank: #16
• US rank: #510

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C+ Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundalk, MD
• County: Baltimore City · 558,601 people
• City population: 59,407
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

-6.7% since first listed

3 events — show timeline

• 2026-04-09 Price Changed $69,900 BRIGHT MLS
• 2025-09-30 Listed $74,900 BRIGHT MLS
• 2025-09-24 Coming Soon $74,900 BRIGHT MLS